Interested in growing your wealth? Wondering how to prepare for retirement when you are self-employed? Follow along as Dave "The Laundromat Millionaire" Menz and his wife, Carla discuss how anyone, especially entrepreneurs, can increase their cashflow, their liquidity, and their wealth with Curtis May of The Practical Wealth Show. Curtis reveals the 3 Rules of Investing, how to apply the 5 Principles of Personal Finance, and teaches on the Velocity of Money Strategy. He shares tips on where to begin your journey into becoming more financially educated and business savvy, moving you further along the path to financial freedom!

Referenced Links:

Link to get Atmosphere TV:
https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”
Contact Mike directly: Mike.Kelly@Atmosphere.tv

Our guest’s website: https://practicalwealthadvisors.com
Our guest’s email: curtmay@gmail.com
Our guest’s podcast: https://practicalwealth.libsyn.com/
Our guest’s Youtube: https://www.youtube.com/channel/UCYtdLCckUCeuc7inedJcX-A
Intro to Private Family Banking video: https://www.youtube.com/watch?v=ux8N3jffM9I
Life Insurance as a Tool for Liquidity video: https://www.youtube.com/watch?v=B2KTfbJpvgg
Behavior Gap video: https://www.youtube.com/watch?v=OlRURNZcXf0
For consulting services: https://www.laundromatmillionaire.com
Our Youtube channel: https://youtube.com/c/LaundromatMillionaire
Our Podcast: https://laundromatmillionaire.com/podcast/
Our Facebook: https://www.facebook.com/laundromatmillionaire/
Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/
Our Instagram: https://www.instagram.com/laundromatmillionaire/
Our laundromats: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Dan Sullivan with Strategic Coach: https://www.strategiccoach.com/
First Ipod Commercial: https://www.youtube.com/watch?v=mE_bDNaYAr8
Kevin O’Leary clip: https://www.youtube.com/watch?v=PWspMJNgT6w
Star Wars clip: https://www.youtube.com/watch?v=enKhkTmB0OQ

Recommended Reading:
· Killing Sacred Cows by Garrett B. Gunderson
· The Richest Man in Babylon by George S. Clason
· Rich Dad, Poor Dad by Robert Kiyosaki
· The Rich Dad’s Guide to Investing by Robert Kiyosaki
· Doesn’t Hurt to Ask by Trey Gowdy
· Becoming Your Own Banker by Nelson Nash
· The Case for IBC by Nelson Nash

Timestamps:
00:00:00 Laundromat Millionaire Show Intro - E20 Quotes
00:02:26 Curtis' Backstory - Growing up in retail
00:08:27 Advice to his 20 year old self
00:09:58 A focus on personal development
00:11:11 Business as a game
00:12:43 Breakdown of the business
00:15:01 Avoiding "dead money"
00:15:54 Accumulation Theory vs The Velocity of Money Strategy
00:20:25 Insurance for improved liquidity and less risk
00:22:09 Three Rules of Investing
00:26:24 Five Principles of Personal Finance
00:27:35 #1 - Save
00:29:23 #2 - Maximum Protection
00:32:52 #3 - Asset Replacement
00:34:55 #4 - Liquidity
00:36:30 Good Debt vs Bad Debt
00:42:25 #5 - Velocity of Money
00:43:23 Does risk tolerance affect advice?
00:44:35 Advice vs Education
00:47:21 Objectives of the Financial Industry
00:48:43 Financial Education vs Indoctrination
00:50:45 Insurance for liquidity? 3 Types of Insurance
00:55:17 Where to start in your financial education
00:56:53 New Book Coming Soon
00:58:22 Threads of Success
00:59:30 The Behavior Gap
01:00:49 Contact Info for Curtis May
01:04:10 Closing Remarks